What period do the Crave Cookies financial statements cover?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crave Cookies Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Crave Cookies Franchising, LLC as of December 31, 2024 and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Crave Cookies Franchising, LLC, and to meet our other ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the financial statements include an audit of the balance sheet as of December 31, 2024. The statements of income, member's equity, and cash flows are for the year ending December 31, 2024.
Additionally, the 2025 FDD includes an independent auditor's report covering the balance sheets as of December 31, 2022 and 2021. These statements also incorporate the statements of operations, members' deficit, and cash flows. The period covered for these is the year ended December 31, 2022, and the period from February 15, 2021 (inception) to December 31, 2021.
Prospective franchisees should review these financial statements and notes carefully to understand Crave Cookies' financial performance and position. Understanding the company's financial history can help franchisees assess the financial stability and potential risks associated with investing in a Crave Cookies franchise.